Leasing an Investment Property

How much rent can I receive for my property?

To determine how much rent you can charge for your property, you will need to assess the market rent - in other words, how much money similar properties in your area are renting for.  It is important to pay attention to the requested prices, as well as how long the properties stay on the market at those rates. Our experienced team can provide you with useful information on comparative rentals in the area.

How long is a typical  lease?

Standard lease periods are generally either six or 12 months. While longer lease terms are possible, you are likely to find a smaller number of tenants who are willing to commit to this time.

Can I increse the rent during the lease period?

Current rent rates must remain in place for the remainder of the lease term unless you have specified a 6-month rent increase clause into the lease. At the end of the lease period, if you want to increase the rent, you should give your tenant the required notice that you intend to change their rates at the end of their current lease.